January 4, 2017 Comments (0) Blog, Current Investigations, Securities Fraud

Argent Promissory Notes Investment Losses

(Last Updated On: January 4, 2017)

Have you suffered losses investing in Argent Promissory Notes? If so, The White Law Group may be able to help you recovery your losses by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.

According to FINRA, between November 2009 and August 2013, 15 customers of WRP Investments in Parma, Ohio were allegedly solicited to invest in unapproved promissory notes issued by Argent of Nevada, a judgment collection firm. The purpose of the Argent notes was purportedly to raise capital for Argent, and investors were allegedly attracted to invest in them based on the favorable rate of interest promised by Argent.

During this period, a total of $1,790,041 was allegedly invested in Argent notes by WRP customers. According to FINRA, the Argent notes carried a significant amount of risk as evidenced by the high rates of interest (10% to 18%), and allegedly did not meet the customers’ investment objectives.

Brokerage firms are required to properly supervise all advisors they employ and to ensure that those advisors are complying with applicable FINRA rules and regulations. If you suffered losses investing in Argent Promissory Notes and would like a free consultation to discuss your litigation options, please call The White Law Group at 1-888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on the firm please visit www.whitesecuritieslaw.com.